Safe and Sound

TALERIS

Founded in 1935, TALERIS is an NCUA-insured credit union headquartered in Cleveland, OH. The credit union has assets of $74.2 million, according to December 31, 2017, regulatory filings.

Members have $54.2 million on deposit tended by 22 full-time employees. With that footprint, the credit union currently holds loans and leases worth $54.2 million. TALERIS's 9,529 members currently have $54.7 million in shares with the credit union.

Overall, Bankrate believes that, as of December 31, 2017, TALERIS exhibited a generally satisfactory condition, earning 3 out of 5 stars for safety and soundness. Keep reading for a breakdown of how the credit union faired on the three major criteria Bankrate used to evaluate U.S. credit unions.

THE INSTITUTION'S SCORE

Capital Score

When it comes to measuring a credit union's financial resilience, capital is crucial. It acts as a bulwark against losses and as protection for members during periods of financial instability for the credit union. From a safety and soundness perspective, the more capital, the better.

TALERIS scored 18 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

TALERIS's capitalization ratio of 18.00 percent in our test was better than the average for all credit unions, a sign that it's stronger than its peers.

Asset Quality Score

This test is intended to estimate how the credit union's loan loss reserves and overall capitalization could be affected by problem assets, such as past-due mortgages.

A credit union with large numbers of these kinds of assets may eventually have to use capital to cover losses, decreasing its equity cushion. Many of those assets are also likely to be in non-accrual status and no longer earning money, resulting in lower earnings and potentially more risk of a failure in the future.

TALERIS scored 36 out of a possible 40 points on Bankrate's asset quality test, below the national average of 38.09.

The credit union's ratio of problem assets was 0.00 percent in our test, less than the national average and suggestive of greater financial strength than other credit unions.

Earnings score

A credit union's earnings performance affects its long-term survivability. Earnings may be retained by the credit union, expanding its capital cushion, or be used to deal with problematic loans, potentially making the credit union better able to withstand financial shocks. Credit unions that are losing money, however, are less able to do those things.

TALERIS fell behind the national average on Bankrate's earnings test, achieving a score of 0 out of a possible 30.

TALERIS had an earnings ratio of 0.00 percent in our test, higher than the average for all credit unions, suggesting that it's running ahead of its peers in this area.

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports. The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.

Scoring methodology

Bankrate.com evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating. Institutions with satisfactory performance will generally receive a rating of three or more stars. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. The "NR" is not an indication of financial strength or weakness. The Safe & Sound rating is believed to be reliable, but the information is not guaranteed. In addition, events since the information was collected may have altered the institution's financial condition.

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